Robbins Arroyo LLP Is Investigating the Officers and Directors of Navient Corporation (NAVI) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of Navient Corporation (NASDAQ Global Select: NAVI) breached their fiduciary duties to shareholders by engaging in improper lending practices. Navient provides financial products and services in the United States.
Navient Is Sued by Student Loan Consumer
A Minnesota consumer sued Navient in April 2017 for allegedly violating the Fair Debt Collection Practices Act by misrepresenting the status of her student loan debt. The complaint states that after the plaintiff had settled her account, she received a notification threatening to withhold her wages should she fail to set up a repayment agreement and was subsequently notified that an administrative wage garnishment had commenced. The complaint further alleges that Delta Management Associates, a debt collection agency, failed to send the plaintiff a notice of proposed garnishment before instructing her employer to withhold wages and failed to allow her to inspect and copy records pertaining to her debt and enter into a written repayment agreement.
Navient Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003 or you can complete the form below and we will contact you directly.